Brokers Offer Predictions for TSE:TIH FY2025 Earnings

Toromont Industries Ltd. (TSE:TIH - Free Report) - Equities researchers at National Bank Financial increased their FY2025 earnings per share estimates for shares of Toromont Industries in a report released on Wednesday, February 12th. National Bank Financial analyst M. Sytchev now expects that the company will earn $6.09 per share for the year, up from their previous forecast of $6.03. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries' FY2025 earnings at $6.09 EPS.

A number of other equities research analysts have also issued reports on TIH. Scotiabank upped their target price on shares of Toromont Industries from C$132.00 to C$133.50 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. National Bankshares increased their price objective on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on Toromont Industries from C$130.00 to C$134.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. CIBC boosted their price target on shares of Toromont Industries from C$129.00 to C$131.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets lifted their target price on shares of Toromont Industries from C$134.00 to C$138.00 in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$136.06.

Toromont Industries Price Performance

Shares of TIH traded down C$0.38 during trading hours on Monday, hitting C$122.69. 128,401 shares of the stock were exchanged, compared to its average volume of 150,023. The stock's 50-day moving average price is C$116.36 and its two-hundred day moving average price is C$120.96. Toromont Industries has a 12-month low of C$109.83 and a 12-month high of C$135.53. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The company has a market cap of C$10.01 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68.

Toromont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, January 6th were given a dividend of $0.48 per share. The ex-dividend date was Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.56%. Toromont Industries's payout ratio is currently 31.18%.

Insider Buying and Selling

In other news, Director Jeffrey Scott Chisholm bought 4,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is currently owned by corporate insiders.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.